What Does US Dollar Devaluation Mean?
TRD Op-Ed Column November 6, 2007 Many Americans, Republican and Democrat alike, are cussing the Bush management of the U.S. economy. If you are retired, about to retire, or living on fixed income, the Bush moves are just awful for you and for your future. What is more they were done in relative secrecy. Note that workers living under a wage freeze are in the same boat and businesses are constrained in raising prices thus hurting them too. Yahweh said to Israel that “they perished for a lack of knowledge (Hos. 4:6).” Most Americans, no matter their vocation, are totally ignorant of the current plight of the U.S. dollar, especially in relation to the Euro. In short there is a dollar crisis in the world economy due to the level of debt of America, who is the largest debtor in history, owing between $70-$100 Trillion. Americans have no knowledge that the U,S, private central bank, The Federal Reserve Bank, creates money out of thin air and it is the chief cause of inflation in America and
